Bill 35 (Legislature 8, Session 9)

L8 S9 7968

Alberta — Bills

BILL No. 35 of 1940.

An Act to Amend The Treasury Branches Act. (Assented to , 1940.) HIS MAJESTY, by and with the advice and consent of Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Treasury Branches Act Amendment Act, 1940." 2. The Treasury Branches Act, being

chapter of the Statutes of Alberta, 1938 (Second Session), is hereby amended as to subsection (4) of

section by striking out the same and substituting therefor the following sub sections: "

(4) Notwithstanding the terms and provisions of any contract whether made before or after the passing of this Act, the Minister either himself or by his duly authorized ~gents,- "(

a) may invest any deposits received under the pro visions of this Act in sU,ch securities as he may prescribe and may from time to time vary and trans pose any investments so made; "(

b) may use any of the deposits received in the branches of the treasury to make purchases of goods, wares or merchandise for resale on such terms as to pay ment as may be agreed upon. "

(5) Subject to the terms and provisions of any contract existing at the date of the coming into force of The Treasury Branches Act Amendment Act, 1940, or to any regulations made pursuant to this Act, the Minister, either himself or by his duly authorized agents, may loan any deposits received in the branches of the treasury under the provisions of this Act to persons, firms or corporations upon such terms as may be agreed upon and in connection with any such loan may take such negotiable instruments and securities as he may from time to time direct." 3.

This Act shall come into force on a day to be fixed by proclamation of the Lieutenant Governor in Council. NINTH SESSION EIGHTH LEGISLATURE GEORGE VI BILL

An Act to Amend The Treasury Branches Act. Received and read the First time ....................................... . Second time ..................................... . Third time ....................................... . HON. MR. Low. b:DMONTON: A. Shnltka, King's Printer 1 9 Title: 1940 (8th, 9th) Bill 35,

An Act to Amend The Treasury Branches Act

Document details

Collection	Alberta — Bills
Citation	L8 S9 7968
Type	bill
Volume / chapter	L8 S9 7968
Language	en
Format	json
Source	PROVINCIAL
Identifier	ca87615fffabb41452e58a3c32a02347406cdf03

Source file is stored in the law ingest library (json).